AARTIIND
Aarti Industries Ltd
Max pain for AARTIIND
11 Dec 2024 04:12 PM IST
Max Pain for AARTIIND is 450
Strike 380 has a total call value of 0 versus a total put value of 35,853,000,000 Combined total value = 35,853,000,000
Strike 390 has a total call value of 0 versus a total put value of 31,315,000,000 Combined total value = 31,315,000,000
Strike 400 has a total call value of 0 versus a total put value of 26,777,000,000 Combined total value = 26,777,000,000
Strike 410 has a total call value of 74,000,000 versus a total put value of 22,625,000,000 Combined total value = 22,699,000,000
Strike 420 has a total call value of 148,000,000 versus a total put value of 18,572,000,000 Combined total value = 18,720,000,000
Strike 430 has a total call value of 257,000,000 versus a total put value of 15,025,000,000 Combined total value = 15,282,000,000
Strike 440 has a total call value of 433,000,000 versus a total put value of 11,775,000,000 Combined total value = 12,208,000,000
Strike 450 has a total call value of 885,000,000 versus a total put value of 9,052,000,000 Combined total value = 9,937,000,000
Strike 460 has a total call value of 2,702,000,000 versus a total put value of 7,276,000,000 Combined total value = 9,978,000,000
Strike 470 has a total call value of 5,796,000,000 versus a total put value of 5,906,000,000 Combined total value = 11,702,000,000
Strike 480 has a total call value of 9,546,000,000 versus a total put value of 4,692,000,000 Combined total value = 14,238,000,000
Strike 490 has a total call value of 14,197,000,000 versus a total put value of 3,676,000,000 Combined total value = 17,873,000,000
Strike 500 has a total call value of 19,442,000,000 versus a total put value of 2,660,000,000 Combined total value = 22,102,000,000
Strike 510 has a total call value of 26,776,000,000 versus a total put value of 2,280,000,000 Combined total value = 29,056,000,000
Strike 520 has a total call value of 34,313,000,000 versus a total put value of 1,900,000,000 Combined total value = 36,213,000,000
Strike 530 has a total call value of 42,418,000,000 versus a total put value of 1,520,000,000 Combined total value = 43,938,000,000
Strike 540 has a total call value of 50,684,000,000 versus a total put value of 1,140,000,000 Combined total value = 51,824,000,000
Strike 550 has a total call value of 58,950,000,000 versus a total put value of 760,000,000 Combined total value = 59,710,000,000
Strike 560 has a total call value of 67,426,000,000 versus a total put value of 608,000,000 Combined total value = 68,034,000,000
Strike 570 has a total call value of 75,902,000,000 versus a total put value of 456,000,000 Combined total value = 76,358,000,000
Strike 580 has a total call value of 84,378,000,000 versus a total put value of 304,000,000 Combined total value = 84,682,000,000
Strike 590 has a total call value of 92,854,000,000 versus a total put value of 152,000,000 Combined total value = 93,006,000,000
Strike 600 has a total call value of 101,330,000,000 versus a total put value of 0 Combined total value = 101,330,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 446.6 | 450 |
| ABB | 7728.75 | 7500 |
| ABBOTINDIA | 28872.3 | 28000 |
| ABCAPITAL | 201.58 | 200 |
| ABFRL | 309.55 | 310 |
| ACC | 2250.55 | 2300 |
| ADANIENSOL | 791.5 | 800 |
| ADANIENT | 2457.25 | 2520 |
| ADANIGREEN | 1148.05 | 1200 |
| ADANIPORTS | 1233.8 | 1260 |
| ALKEM | 5489.95 | 5500 |
| AMBUJACEM | 578.45 | 570 |
| ANGELONE | 3399.55 | 3300 |
| APLAPOLLO | 1598.3 | 1600 |
| APOLLOHOSP | 7340.8 | 7200 |
| APOLLOTYRE | 541.35 | 530 |
| ASHOKLEY | 231.18 | 230 |
| ASIANPAINT | 2417.3 | 2460 |
| ASTRAL | 1852.65 | 1840 |
| ATGL | 717.5 | 740 |
| ATUL | 7486.25 | 7400 |
| AUBANK | 590.1 | 590 |
| AUROPHARMA | 1225.85 | 1240 |
| AXISBANK | 1147.25 | 1160 |
| BAJAJ-AUTO | 9069.85 | 9100 |
| BAJAJFINSV | 1686.5 | 1660 |
| BAJFINANCE | 7115.1 | 7000 |
| BALKRISIND | 2820.4 | 2800 |
| BANDHANBNK | 174.42 | 177.5 |
| BANKBARODA | 260.77 | 260 |
| BANKINDIA | 114.3 | 115 |
| BATAINDIA | 1447.5 | 1440 |
| BEL | 314.1 | 310 |
| BERGEPAINT | 476.15 | 485 |
| BHARATFORG | 1379.4 | 1360 |
| BHARTIARTL | 1586 | 1600 |
| BHEL | 253.7 | 255 |
| BIOCON | 367.85 | 370 |
| BOSCHLTD | 36217.55 | 35500 |
| BPCL | 307.45 | 300 |
| BRITANNIA | 4889.5 | 4900 |
| BSE | 5552.2 | 5100 |
| BSOFT | 613.35 | 600 |
| CAMS | 5222.05 | 5100 |
| CANBK | 108.75 | 108 |
| CANFINHOME | 819.95 | 820 |
| CDSL | 1930.35 | 1840 |
| CESC | 193.22 | 195 |
| CGPOWER | 783.1 | 780 |
| CHAMBLFERT | 534 | 530 |
| CHOLAFIN | 1348.95 | 1300 |
| CIPLA | 1454.1 | 1480 |
| COALINDIA | 416.95 | 420 |
| COFORGE | 8996.2 | 8800 |
| COLPAL | 2893.55 | 2900 |
| CONCOR | 856.35 | 850 |
| COROMANDEL | 1768.85 | 1780 |
| CROMPTON | 413.6 | 410 |
| CUB | 185.85 | 185 |
| CUMMINSIND | 3604.5 | 3500 |
| CYIENT | 2086.75 | 2000 |
| DABUR | 508.35 | 510 |
| DALBHARAT | 1966.6 | 1900 |
| DEEPAKNTR | 2736.8 | 2700 |
| DELHIVERY | 379.45 | 365 |
| DIVISLAB | 5927.95 | 6000 |
| DIXON | 17528.55 | 17000 |
| DLF | 875.75 | 850 |
| DMART | 3708.3 | 3700 |
| DRREDDY | 1238.55 | 1220 |
| EICHERMOT | 4801.95 | 4850 |
| ESCORTS | 3494.4 | 3500 |
| EXIDEIND | 468.1 | 460 |
| FEDERALBNK | 214.68 | 215 |
| GAIL | 205.82 | 207.5 |
| GLENMARK | 1526.4 | 1540 |
| GMRINFRA | 0 | 34 |
| GNFC | 624.7 | 620 |
| GODREJCP | 1135.3 | 1140 |
| GODREJPROP | 2912.9 | 2900 |
| GRANULES | 585.3 | 570 |
| GRASIM | 2670.75 | 2640 |
| GUJGASLTD | 518.4 | 500 |
| HAL | 4649.7 | 4600 |
| HAVELLS | 1752.25 | 1740 |
| HCLTECH | 1930.9 | 1900 |
| HDFCAMC | 4543.85 | 4400 |
| HDFCBANK | 1863.1 | 1820 |
| HDFCLIFE | 634.65 | 650 |
| HEROMOTOCO | 4650.45 | 4700 |
| HFCL | 126.49 | 130 |
| HINDALCO | 670.5 | 670 |
| HINDCOPPER | 290.05 | 290 |
| HINDPETRO | 410.1 | 395 |
| HINDUNILVR | 2401.35 | 2440 |
| HUDCO | 252.91 | 245 |
| ICICIBANK | 1327.5 | 1320 |
| ICICIGI | 1948.65 | 1920 |
| ICICIPRULI | 695.35 | 690 |
| IDEA | 8.03 | 8 |
| IDFCFIRSTB | 65.2 | 66 |
| IEX | 190.28 | 185 |
| IGL | 392.8 | 360 |
| INDHOTEL | 836.4 | 820 |
| INDIAMART | 2398.7 | 2400 |
| INDIANB | 583.15 | 590 |
| INDIGO | 4465.55 | 4450 |
| INDUSINDBK | 984.85 | 1000 |
| INDUSTOWER | 359.6 | 360 |
| INFY | 1974.15 | 1920 |
| IOC | 143.19 | 142.5 |
| IPCALAB | 1552.2 | 1520 |
| IRB | 58.9 | 59 |
| IRCTC | 855.45 | 840 |
| IRFC | 164.91 | 160 |
| ITC | 465.25 | 470 |
| JINDALSTEL | 994.65 | 970 |
| JIOFIN | 343 | 340 |
| JKCEMENT | 4699.8 | 4600 |
| JSL | 747.1 | 730 |
| JSWENERGY | 677.6 | 660 |
| JSWSTEEL | 1000.2 | 1000 |
| JUBLFOOD | 707.8 | 680 |
| KALYANKJIL | 762.95 | 750 |
| KEI | 4630.95 | 4400 |
| KOTAKBANK | 1794.7 | 1800 |
| KPITTECH | 1548.85 | 1500 |
| LALPATHLAB | 3153.45 | 3100 |
| LAURUSLABS | 572.75 | 570 |
| LICHSGFIN | 636.85 | 640 |
| LICI | 938.8 | 950 |
| LODHA | 1411 | 1320 |
| LT | 3916.75 | 3800 |
| LTF | 150.07 | 147.5 |
| LTIM | 6598.6 | 6450 |
| LTTS | 5370.1 | 5350 |
| LUPIN | 2150.4 | 2100 |
| M&M | 3072.05 | 3000 |
| M&MFIN | 283.05 | 280 |
| MANAPPURAM | 177.61 | 165 |
| MARICO | 632.9 | 630 |
| MARUTI | 11277.75 | 11200 |
| MAXHEALTH | 1132.2 | 1100 |
| MCX | 6706.45 | 6500 |
| METROPOLIS | 2222.5 | 2180 |
| MFSL | 1144.9 | 1160 |
| MGL | 1300.2 | 1280 |
| MOTHERSON | 166.81 | 170 |
| MPHASIS | 3184.55 | 3100 |
| MRF | 132517.4 | 130000 |
| MUTHOOTFIN | 2064.5 | 2000 |
| NATIONALUM | 249.53 | 247.5 |
| NAUKRI | 8557.05 | 8400 |
| NAVINFLUOR | 3593.1 | 3600 |
| NCC | 306.45 | 310 |
| NESTLEIND | 2241.05 | 2260 |
| NHPC | 86.11 | 85 |
| NMDC | 241.15 | 240 |
| NTPC | 365.5 | 365 |
| NYKAA | 169.91 | 170 |
| OBEROIRLTY | 2134.55 | 2080 |
| OFSS | 12246.9 | 12250 |
| OIL | 469.55 | 470 |
| ONGC | 256.6 | 259 |
| PAGEIND | 47059.9 | 46000 |
| PAYTM | 955.6 | 960 |
| PEL | 1269.8 | 1200 |
| PERSISTENT | 6359.75 | 6200 |
| PETRONET | 341.2 | 338 |
| PFC | 513 | 500 |
| PIDILITIND | 3191.2 | 3160 |
| PIIND | 4102.3 | 4100 |
| PNB | 108.58 | 110 |
| POLICYBZR | 2165 | 2000 |
| POLYCAB | 7401.25 | 7300 |
| POONAWALLA | 364.35 | 355 |
| POWERGRID | 327.55 | 330 |
| PRESTIGE | 1751.9 | 1700 |
| PVRINOX | 1486.6 | 1540 |
| RAMCOCEM | 1020.45 | 1010 |
| RBLBANK | 179.05 | 162.5 |
| RECLTD | 569.75 | 550 |
| RELIANCE | 1278.2 | 1300 |
| SAIL | 126.95 | 125 |
| SBICARD | 730.75 | 720 |
| SBILIFE | 1456.15 | 1460 |
| SBIN | 861.6 | 850 |
| SHREECEM | 27305.5 | 26750 |
| SHRIRAMFIN | 3248.25 | 3200 |
| SIEMENS | 7871 | 7700 |
| SJVN | 120.19 | 120 |
| SONACOMS | 641.75 | 650 |
| SRF | 2336.45 | 2300 |
| SUNPHARMA | 1814 | 1800 |
| SUNTV | 749.6 | 750 |
| SUPREMEIND | 4957.75 | 4900 |
| SYNGENE | 904.75 | 900 |
| TATACHEM | 1125.65 | 1120 |
| TATACOMM | 1839.95 | 1800 |
| TATACONSUM | 935.05 | 940 |
| TATAELXSI | 7350.25 | 7200 |
| TATAMOTORS | 799.1 | 800 |
| TATAPOWER | 434.8 | 435 |
| TATASTEEL | 150.6 | 150 |
| TCS | 4427.45 | 4400 |
| TECHM | 1762.8 | 1760 |
| TIINDIA | 3680.2 | 3700 |
| TITAN | 3473.1 | 3400 |
| TORNTPHARM | 3374.85 | 3350 |
| TRENT | 7063.3 | 6900 |
| TVSMOTOR | 2531.45 | 2500 |
| UBL | 1985.45 | 1960 |
| ULTRACEMCO | 11898.5 | 11600 |
| UNIONBANK | 129.19 | 125 |
| UNITDSPR | 1516.8 | 1520 |
| UPL | 552 | 556.35 |
| VBL | 643.95 | 620 |
| VEDL | 514.35 | 500 |
| VOLTAS | 1797.2 | 1760 |
| WIPRO | 309 | 297.5 |
| YESBANK | 21.58 | 21 |
| ZOMATO | 291.8 | 280 |
| ZYDUSLIFE | 986.45 | 980 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
